FREDERICK COUNTY MD FORECLOSURES & SHORT SALES  

There are 86 active listings of lender owned foreclosures (REO) available for purchase in the county.

Click on the listing number for full details on each property. Sort by column headings.

Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-94192519-875

When you are searching for homes in Maryland, you will want to use Homes Prospector at www.roykelley.com  This is a service of MRIS, the regional multiple listing service, and you will find the most accurate up to date information on properties that are available for purchase. Foreclosures will be included in the results of your searches.

Most of the homes that are sold at trustee sale auctions at the court house entrance are purchased by the secured mortgage lenders. The lenders then offer the homes for sale when they become part of the REO inventory. All of the lender owned homes are listed with area agents and are available on MRIS.

Why are buyers focusing on the REO inventory? The simple reason is that is where the purchase bargains are being found. Lenders are highly motivated sellers and they reduce the prices until the properties are under contract.

What about the opportunities with short sales listings?  These are the transactions that require lender approval since the proceeds will not cover the mortgage balances. Short sales take longer and more frustrations should be anticipated. Bargains can be found for patient home buyers.

There are 204 active short sale listings in Frederick County.  

Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-94192577-388

All home buyers that plan to use mortgage financing should obtain pre-approval for financing as the first step in the purchase process.

The Home Buyer Tax Credit now includes current home owners as well as first time buyers. This link provides the highlights of the program:  http://www.federalhousingtaxcredit.com/glance.php